STRATEGIC SOURCING
As the global market increasingly emphasises ethical standards , the Ethical Supply Chain Program ( ESCP ) is critical in ensuring responsible procurement practices . The ESCP , previously known as the ICTI Ethical Toy Program ( IETP ), is designed to promote ethical practices throughout supply chains .
The Program offers a comprehensive framework for social and environmental compliance , enhancing transparency and ethical standards across the sector .
It ’ s much more than an ethical rubber stamp ; the program is a commitment to respect , fairness and inclusivity . It ’ s about creating a better life for workers worldwide .
The rebranding reflected its expanded focus beyond the toy industry . This global non-profit , recognised for its expertise in social compliance and labour standards , offers services including Supplier Certification , Social Impact Assessments , Environmental Assessments , supplier capability building and worker wellbeing initiatives . Over its 20-year history , IETP has developed a program applicable to various sectors . The rebranding , in 2024 , aligns with the organisation ’ s strategy to diversify and expand its services and geographic reach . Under the new name , ESCP aims to promote integrity and sustainability across all sectors , facilitating communication , certification , and cooperation among manufacturers , suppliers , licensors and retailers . The program emphasises respect , fairness and inclusivity , striving to improve workers ’ lives worldwide .
Key initiatives :
• Factory certification : It ensures that manufacturing facilities comply with ethical standards .
• Remote social impact assessments help identify and mitigate adverse social impacts .
• Environmental assessments : Evaluations focused on minimising environmental footprints .
88 July 2024